San Jose, Ca., USA - February 9, 2016, San Jose, Ca., USA - PayPal Holdings, Inc. announced the resignation of James Barrese from his position as senior vice president, payment services and chief technology officer, effective April 1, 2016.
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A graduate of Stanford, Mr. Barrese served as a high-frequency communications specialist for the U.S. Army Signal Corp, spent time as a programmer at Stanford, worked for Andersen Consulting, and then joined the e-philanthropy company Charitableway as vice president of engineering.
In 2001, Mr. Barrese joined eBay and led a number of strategic technology initiatives, including serving as the vice president in charge of delivering the open platforms, creating infrastructure services, systems software, analytics and site operations running the world’s largest marketplace at scale.
In 2011, he moved over to PayPal, first as vice president of global product development and, beginning in 2012, as chief technology officer. In 2015, he expanded his role to also lead the Payment Services business in PayPal, a global team that powers the efficient movement of money and rewards into, out of, and within the PayPal network.
Mr. Barrese earned a Bachelor’s of Science degree from Stanford University. He is a board member of Marin Software and The Tech Museum of Innovation. He is also a member of the Technical Advisory Council for Kleiner Perkins Caufield & Byers, and serves on a digital advisory board for VimpelCom, one of the world's largest integrated telecommunications services operators.
After his resignation from this position, Mr. Barrese will continue as an employee of the Company for a brief transition period.
Effective April 1, 2016, Sri Shivananda, currently the Company’s Vice President, Global Platform & Infrastructure, will assume the position of Senior Vice President and Chief Technology Officer.
Mr. Shivananda was employed by eBay Inc. from 2002 through the time of the separation of the Company from eBay Inc. in 2015, when he became employed by the Company. From 2010 until the separation, Mr. Shivananda was the Vice President responsible for eBay Inc.’s global technology platform and infrastructure. ■